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re: Silver up 12% for the week on Black Friday

Posted on 12/19/25 at 5:08 pm to
Posted by Tim
Texas
Member since Jan 2005
7105 posts
Posted on 12/19/25 at 5:08 pm to
Sitting on about 4,000 ounces in my safe. If it went that high I could easily be living on easy street…
Posted by cadillacattack
the ATL
Member since May 2020
9602 posts
Posted on 12/19/25 at 5:13 pm to
quote:

For all you guys holding metal, any benefits of holding coins over bullion or vice versa?


Generic bars and rounds are good for stacking … government-minted coins and bars are better, IMHO.

Posted by T-Jon
Member since Jan 2012
101 posts
Posted on 12/19/25 at 5:56 pm to
quote:

For all you guys holding metal, any benefits of holding coins over bullion or vice versa?


Not that I see. When raw metal prices soar, it significantly erodes any additional numismatic value. The only value in coins vs large bars right now is the ability to sell small amounts.
This post was edited on 12/19/25 at 5:58 pm
Posted by TigerDoug
Lees Summit
Member since Mar 2017
777 posts
Posted on 12/19/25 at 6:02 pm to
I was told by my local dealer that Saint Gaudens lower than MS65 were being melted down due to the high gold prices.
Posted by Pimphand
Member since Sep 2021
4171 posts
Posted on 12/19/25 at 6:13 pm to
quote:

Sitting on about 4,000 ounces in my safe. If it went that high I could easily be living on easy street…


Just remember $600 by then won't mean what $600 means now.
This post was edited on 12/19/25 at 6:15 pm
Posted by T-Jon
Member since Jan 2012
101 posts
Posted on 12/19/25 at 6:17 pm to
Is anyone selling physical silver right now? How close to spot value (ask) are you getting?

Local coin shop quoted me 12% under spot for bullion. Not so local coin shop told me they didn’t want to buy any more large bars, but they offered a commission arrangement where I would get spot value and they would get the premium.
Posted by Pimphand
Member since Sep 2021
4171 posts
Posted on 12/19/25 at 6:24 pm to
quote:

Is anyone selling physical silver right now? How close to spot value (ask) are you getting?


No way too many people are selling right now. Remember be the contrarian which means sell when nobody is selling.

Posted by cadillacattack
the ATL
Member since May 2020
9602 posts
Posted on 12/20/25 at 9:10 am to
Watch the first few minutes of this video….This guy does a pretty good job of explaining rule 4.07-D … which is directly forcing the paper-leveraged Silver brokers (big banks, traders) to liquidate

$421 M troy ounces of Silver bullion is a gigantic short position to cover in a short period of time. If you’re invested in paper Silver, you might want to reconsider your exit strategy….

Silver’s close above $67/oz triggered this liquidation….. and 91% of silver demands cannot be met with reported physical supply. Here comes the squeeze for physical.

I think this could become “game over” for the paper manipulators …. finally.


This post was edited on 12/20/25 at 9:30 am
Posted by kjacksonp
Mobile, AL
Member since Dec 2006
1089 posts
Posted on 12/20/25 at 10:08 am to
I've been selling at about 5$ increases since it hit 35$. So I have lost quite a bit of value, but at some point there will be a correction. The curve is like straight up at this point, and any reversion to the mean will be a big fall.
Posted by Pimphand
Member since Sep 2021
4171 posts
Posted on 12/20/25 at 10:15 am to
quote:

I think this could become “game over” for the paper manipulators …. finally


The game pretty much ended back on black friday now we are just witnessing the death knell.

quote:

If you’re invested in paper Silver, you might want to reconsider your exit strategy….


Never owned paper silver.

Posted by cadillacattack
the ATL
Member since May 2020
9602 posts
Posted on 12/20/25 at 10:42 am to

Not to mention, but China begins severe export restrictions on Silver beginning 1/1/26.

So essentially, China arbitraged the silver markets and bought up all the Comex physical supply…. got it delivered to Shanghai, now they want to restrict its export …. shrewd
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11862 posts
Posted on 12/20/25 at 10:49 am to
quote:

After the dollar, yep.


Posted by Pimphand
Member since Sep 2021
4171 posts
Posted on 12/20/25 at 11:26 am to
quote:

So essentially, China arbitraged the silver markets and bought up all the Comex physical supply…. got it delivered to Shanghai, now they want to restrict its export …. shrewd


Its even more pernicious than that with all the leftist limp wrist environmentalists in this country we shut down our smelters so pretty much all the worlds silver goes to China to get refined and turned into .999 pure bars.
Posted by David_DJS
Member since Aug 2005
21814 posts
Posted on 12/20/25 at 12:35 pm to
quote:

$421 M troy ounces of Silver bullion is a gigantic short position to cover in a short period of time. If you’re invested in paper Silver, you might want to reconsider your exit strategy….

Silver’s close above $67/oz triggered this liquidation….. and 91% of silver demands cannot be met with reported physical supply. Here comes the squeeze for physical.

I think this could become “game over” for the paper manipulators …. finally.

In practical terms, what would "game over" for the paper manipulators look like for owners of Ag ETFs?
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